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Author Topic: All business need to risk, so not only crypto!  (Read 668 times)
Viscore
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August 27, 2023, 09:46:49 PM
 #41

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?
Certainly. And because there are risks involved in crypto, those who are fearful to take some risks should stay away from crypto business if you don’t want to suffer and lose all your wealth. However, those who are capable and reputable crypto community members should be mindful of its risks, because if today you are in profits, then never expect that the same thing will happen tomorrow. Risks are hard to resist, but with awareness on how to take calculated risks, and enter crypto with high caution, I’m sure in the end, you will have a successful crypto journey.

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August 27, 2023, 09:58:20 PM
 #42

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?
Of course, all businesses and jobs will always involve risks. It only remains for us to measure how many risks we will face. Whether it's low, medium, high, to complicated risks. ha ha
In this case, it is important for us to learn something first. especially in the business world, nothing is easy and instant to be successful. And this is the importance of risk management so that we understand how much risk we will bear, how much we will bear to go through these risks, and how good we are at managing and not letting these risks become an obstacle. This is the importance of knowledge and skills in doing business, as well as being open minded in all situations and conditions. It's not easy, but that doesn't mean it can't be done. So, observe the business that you do and study the risks so that you can take advantage of every business, especially in crypto, which is indeed high risk.

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August 27, 2023, 10:09:23 PM
 #43

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

Those who have been successful with bitcoin have always taken huge risks that not everyone does now. I realised that if you can't face your fear and confront it in this life, you'll be left behind while others progress.  Risk is a part of our daily lives, and accepting it implies you're up for the task.

The negative consequences of taking risks when you are unprepared for them are what cause many people to be conflicted and fearful of investing like others. Only invest what you can afford to lose in cryptocurrency. You can lose or gain by taking a risk, and you can't take such a risk if you're not prepared.

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August 27, 2023, 10:38:19 PM
 #44

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?
Not only business that involves risk,  but everything related to life and its existence is all based on risk, and what makes us different as individuals in the world is the way and manner that we risk those things that we call business or living in all our existence,  risk is very essential and that is why risk is always mentioned when discussing anything related to cryptocurrencies since it is a decision also involves risking your money without being able to predict what the direction of the market will be.
Above all life is nothing without risk and just like in business risk is important same it is also in other life aspects but the most important thing is to take only calculated risks and just jump at everything calling it risk.

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August 27, 2023, 11:02:07 PM
 #45

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

For sure all businesses involve risk because you could quickly lose your money if you're going to some business I mean we already see a lot of businesses grow or go bankrupt. But the good thing about a business is that is where you could quickly multiply your investment if you become successful on that, or the opposite. That is why we should always have some kind of savings that we could use in case we lose our business so that we could start over again.

It's pretty obvious cryptocurrency is a risky investment for sure There are a lot of investors or traders who become successful in cryptocurrency investment but there are even more who lose a lot of money here, there are only a few investors who get lucky and win. Obviously, it is because of the volatile market price of cryptocurrency that investing in cryptocurrency becomes risky because in a small amount of time, you could easily lose your money, the reality is there are always going to be losers and winners in the market, and we can't predict the market accurately whatever analysis you do there are always things that you might not know. If we can predict the market accurately every time then maybe it's not risky at all.

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August 28, 2023, 08:23:01 PM
 #46

Everyone says crypto Is high risk is it really true?

It’s obvious that cryptocurrencies, both investment and trading, carry a lot of risk, but when you are knowledgeable about them, you won’t worry about the risk that is involved in them. Because of the risk, they always advise people that while investing or telling someone about bitcoin investment, they should only invest the amount they can afford to lose and not convince anyone to invest.

Quote
My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

People you see making a lot of money in crypto today, either by investment or trading, took the risk in the investment, and not only in crypto but in any other investment as far as buying and selling is concerned, there is risk behind such an investment, and all this can be done when you are ready to take the risk. There's a saying that says that (in every successful man there is a sad story behind him), so all the people making money in investments and trading also take this risk, but they don’t worry themselves about it, and they put in their money and wait for the actual time to sell. Which you can also do if you wish to get what they got.

R


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August 28, 2023, 09:31:32 PM
 #47

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

We shouldn't see cryptocurrency as the only thing that has high risk taking, making money and taking back ones right to freedom involves taking risk, immediately we realized that before we could be more successful in life, we need to have passed through some certain level of risk and proof we are worthy enough to have scale through them, there's nothing in life that doesn't have its own risk taking, maybe we can say that cryptocurrency is yet to be adopted by some or maybe they find it difficult to learn is part of the reason why they assume it to be a risk taking digital currency.

R


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August 28, 2023, 10:27:42 PM
 #48

Everyone says crypto Is high risk is it really true?
It is risky to invest in bitcoins, but it is riskier not to invest in this new opportunity too, so we always have to know the risk and choose the one to take. For the people who do not have any other kind of investment in other things maybe due to money needed to start an investment in those things, Crypto is their best option to invest, and if they see it as too risky to invest in even with the opportunity, they are getting ready unknowingly for "no rewards", because "no risk, no reward".

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August 28, 2023, 10:32:58 PM
 #49

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

there is no business in this world that is without risk, even a business that is already running well even though it still has a big risk of going bankrupt, so don't ever be afraid to take risks, you must understand what is meant by risk management;

Quote
Risk management is a systematic and planned approach in identifying, analyzing, evaluating, managing and mitigating risks that may affect the achievement of objectives or results of an organization, project or activity. The main objective of risk management is to reduce the impact of negative risks and increase the chances of achieving the desired results.
source Google

risk is something that cannot be avoided by any human being, the more afraid you are of taking risks, the smaller the chances of progress, risks are important to take, especially now that the crypto market is still very early, there will be many big surprises in the future.



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August 29, 2023, 09:50:47 AM
 #50

Everyone says crypto Is high risk is it really true?
It is risky to invest in bitcoins, but it is riskier not to invest in this new opportunity too, so we always have to know the risk and choose the one to take. For the people who do not have any other kind of investment in other things maybe due to money needed to start an investment in those things, Crypto is their best option to invest, and if they see it as too risky to invest in even with the opportunity, they are getting ready unknowingly for "no rewards", because "no risk, no reward".

All have the same risk if you are not taking proper attention on your investment set eventhough you think its good.  But if you are so hard working and always monitoring on how's everything running on your business and your investment then for sure everything will be fine at your end. Although risk is there for sure you would know how to do counter measures since you already face all of it and can handle critical times on correct manner. That's why experience really matter especially when dealing the risk.

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August 29, 2023, 03:20:40 PM
 #51

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

Very interesting feedback. Yes. Of course, it is true that every investment does not escape the name of risk. well, in this case what we need to reduce is how to minimize it so that this potential does not have a big effect on our future investment performance.

The most important thing is actually the ability to be able to do whatever is needed by adjusting to our financial condition whether we set aside 5% or 10%. Well, if in crypto for me BTC is very comfortable even though the price conditions are still not so normal but it will be fine.

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September 17, 2023, 07:29:20 PM
 #52

Everyone says crypto Is high risk is it really true?
It is risky to invest in bitcoins, but it is riskier not to invest in this new opportunity too, so we always have to know the risk and choose the one to take. For the people who do not have any other kind of investment in other things maybe due to money needed to start an investment in those things, Crypto is their best option to invest, and if they see it as too risky to invest in even with the opportunity, they are getting ready unknowingly for "no rewards", because "no risk, no reward".
If you are avoiding of taking risk then you will be a slave to does that are taking it. To my own understanding crypto is the most highest in risk, reason for my statement is that I was involved in the luna era I really suffered it, assuming it is another investment I will think of the damage part that I can still managed to get little amount to setup a small investment, but in crypto their is no any damage part that you can see to turn to money rather you are just let with worthless coin in your wallet which is meaningless. The best time for cash out is coming, I don't advice anyone who does not have money to worry itself about it, if this pass you by don't be panic another great bigger opportunities are coming.

R


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September 17, 2023, 08:04:52 PM
 #53

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

Many people can’t invest in crypto because they are calculating the level of risk involved that cannot be bearable for them. We all know that every investment has a lot of risk but being able to control or manage the risk into not bankrupting is better. I don’t really blame people that are scared of investing, if they lose those money, no one will compensate them. So I think, they should only invest what they can afford to lose only when they are ready.

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September 17, 2023, 08:18:21 PM
 #54

I think your subject wasn’t properly titled. Based on the content of OP, I think something like,
“All businesses has risks, so not only cryptos’ would have been more applicable.

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
There is a saying that goes, ‘the victory would be remembered and the bodies that was left behind are often forgotten’ don’t know if am saying it right for sure but, something of that nature.

Using the few that have made life much easy for themselves by finding there fortune in crypto isn’t a perfect yardstick to measure on what is obtainable with cryptocurrency. Many investors have failed as well, especially those who took altcoin investments but, very few persons come out to be vocal about it.

Cryptocurrency remains a high risk investment especially for those who are just coming into the space. You can barely speculate on its market movement and that makes your efforts on trying to get it right a high stake probability and that’s not a very good thing. Still, your welcomed yo take your chances. Don’t let your chances be ruined by fear of failure, take it and see how it goes.

R


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September 17, 2023, 08:43:27 PM
 #55

All businesses involve risk so the reality is that you should have the ability to take risks.

Of course, business is not a risk free, that's why we have seen business going down, like in the pandemic and post-pandemic era as they can't sustain it anymore. But there are businesses that thrive during that time and still continue up to this day and grow.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

I guess the risk that they are talking in crypto is how you choose the projects that you will invest your money with. You don't know if that project will be a success or not and then there are factors like if the project is unique or the people behind it are not going to exit scam. For trading it's very different as well, maybe those making money has experienced already, but for sure in the beginning they might have suffered loses but then they uses this as a learning experience and fuel them to really be good in the end.
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September 17, 2023, 10:00:44 PM
Merited by The Sceptical Chymist (2)
 #56

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

Yes, like you stated, there is risk involved with every business. Learn about the risks associated with a business before investing money in it. If someone truly understands how to manage risk in a business, it will be impossible for that business to fail. Cryptocurrencies can include a certain amount of risk, but if you know how to manage those risks, you will undoubtedly succeed.

I think a lot of people who succeed in the crypto industry are able to handle risks, which is why they are successful. You are setting yourself up for failure if you don't know enough about the business you want to start. Many individuals lament how they lose money in the cryptocurrency sector, but it's nearly all their own responsibility because they don't find the time to do research on it. When you don't know anything about something, you just keep believing what people are saying, whether they are saying something positive or negative,so It is side you heard much you will go with. So many people who argue that cryptocurrency is too risky are those who never invest the time to study.

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September 18, 2023, 06:06:50 AM
 #57

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

This life entirely requires risk before being successful.

Not only does crypto have risk, but any business has a limited amount of risk involved. There are some businesses that do not take as much risk as other businesses, and the same thing applies to cryptocurrency investments. If you look at some people who invested without knowing where they had invested, these are the ones who took much more risk when compared to someone who knew where they had invested.

And again, the type of coins we buy sometimes also determines the degree of risk we take on such investments. If we buy bitcoin, our minds are always calm, and the risk is not as great as when compared to buying other coins that are not trustworthy, and the risk of losing money in such coins is higher than that of bitcoin.

However If you look at any business as far as you are investing, there must be risk, but when we have knowledge and control over how we can manage such investments and control the risk, I don’t think we will have problems in our businesses, and that is what is stopping some people from making money from crypto investments today; they are not ready to have control over their emotions so that they will be able to invest in crypto currency.

Very interesting feedback. Yes. Of course, it is true that every investment does not escape the name of risk. well, in this case what we need to reduce is how to minimize it so that this potential does not have a big effect on our future investment performance.

Exactly, mate, taking any precautions to make us get our business stable, even with the risk that is involved, is the best thing to do because leaving it like that, we are going to keep losing money day by day, which will ruin our business and may also affect our future. But when we take the risk and take the necessary precautions, you can see that we will be successful in the business we run, and with time, we will even get used to it.

However, losing money in business is normal, in my opinion. When we look at some businesses, we buy something at a high price, but when we take it to the store, you will see that these things get cheap and won’t rise at that time. What we do is sell them and at least get some funds back so that it won’t damage all the money we used to buy those goods.

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September 18, 2023, 07:29:23 AM
 #58

All businesses involve risk so the reality is that you should have the ability to take risks.

Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?

Many people can’t invest in crypto because they are calculating the level of risk involved that cannot be bearable for them. We all know that every investment has a lot of risk but being able to control or manage the risk into not bankrupting is better. I don’t really blame people that are scared of investing, if they lose those money, no one will compensate them. So I think, they should only invest what they can afford to lose only when they are ready.

They always choose not to go out on their comfort zone that's why they always remain like that and think about crypto is dangerous for them. If they just study it including the risk management on their investment for that they can see the big potential of crypto especially for giving a appealing profit to them.

For now we can't easily convince people to like crypto but we can show them how good crypto is by showing them the result of our hardwork on our crypto investments.

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September 18, 2023, 07:58:43 AM
 #59

Everyone says crypto Is high risk is it really true?
Yes, that's correct and it's largely due to the fact that the crypto industry unregulated at the moment. I reckon that there's no business that's without its share of risks but if the sector is regulated; there's a lot that will be checked and things won't go wrong easily. In cryptos, it's unmitigated risk because most often it's an internet thing without physical addresses to trace anyone to. So, scammers have effortlessly utilized this to deal with unsuspecting public.

Quote
My guess is less because a lot of people have had success with this crypto.
Would you mind giving us data on the level of success in percentage you think people have had in this industry? I think the percentage in success rate is infinitesimal compared to those who've lost.

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September 18, 2023, 07:58:58 AM
 #60

Crypto is indeed high risk but if you can accept and overcome the risk, you can invest in crypto. Most people don't dare to face the risks and choose to just leave it without wanting to try it even once. They think it will be too difficult for them so they don't want to try.

However, if they try it and are willing to learn gradually, they will know how to overcome the risks. They can also make a lot of money from their investments or trading. For those who have tried it and managed to get the benefits, they are lucky people because they are willing to try taking the risk.

And everything has risks that we need to know about to overcome. We can overcome the risks and think about solutions only by learning a lot.

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